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Sources: Katie Couric closer to CBS deal

‘Today’ co-host could become first sole woman anchor at major network
/ Source: Reuters

Intense speculation swept two network news divisions Monday that Katie Couric, co-host of NBC’s top-rated morning show “Today,” is about to jump to rival CBS and become its evening news anchor, a move many in the industry see as a gamble.

Two people familiar with the situation told Reuters they believed Couric, 49, has a tentative deal with CBS that would make her the first woman installed as the sole permanent anchor of a major network evening newscast.

But they said no formal agreement had been hammered out. Couric, who has co-hosted NBC’s highly profitable “Today” show for 15 years, remains under contract at NBC until late May.

(MSNBC is a joint venture of Microsoft and NBC.)

Representatives for CBS and NBC, controlled by General Electric Co., declined comment, as did Couric’s personal publicist, Matthew Hiltizk.

“The answer is inside her head, and nobody is there but her,” one network insider said.

Media reports of CBS executives seeking to lure Couric away from NBC first surfaced in January 2005. Dan Rather stepped down as CBS Evening News anchor two months later after his botched “60 Minutes II” report on President Bush’s military record.

Veteran correspondent Bob Schieffer, 69, took over for Rather on an interim basis, and the third-ranked network evening newscast has since shown ratings growth, while the ABC and NBC newscasts have lost ground.

Schieffer has insisted he does not want to keep the anchor job, and CBS chief Leslie Moonves has repeatedly expressed eagerness to revamp the evening newscast to lure younger viewers.

Buzz about a possible Couric defection gained steam again Monday as Television Week reported a deal for her to move to CBS News had been “completed in principle” and an announcement of her NBC exit could come as early as this week.

The New York Times reported a similar story on its Web site late in the day, saying CBS’ courtship of Couric had “moved close to a conclusion.” It quoted NBC News President Steve Capus as saying in an e-mail note: “If the day comes that we are faced with a change (at ’Today’) we will operate from a position of strength.”

Stories speculating about Couric leaving NBC also ran in the Los Angeles Times and New York Daily News.

The Wall Street Journal reported last month that CBS had offered Couric about $15 million a year to permanently replace Rather and contribute to “60 Minutes.”

The Journal said NBC has offered Couric, who currently earns more than $16 million a year, a raise and other perks to stay put, though the CBS anchor job would be more prestigious.

Keeping Couric in place is widely seen as crucial to efforts by “Today” to hold its own against ABC’s “Good Morning America,” the No. 2 network breakfast show, which narrowed the ratings gap between the two last spring.

Co-hosted since 1997 by Matt Lauer, “Today” currently generates about $250 million in profit for NBC annually.

Independent news analyst Andrew Tyndall said CBS would be taking a big chance hiring Couric as anchor at a time when the Evening News is gaining viewers under Schieffer. “She hasn’t got any track record in the evening,” Tyndall told Reuters. ”She might alienate as many viewers as she attracts.”